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<br />Meeting of the Elk River <br />Economic Development Authority <br /> <br />Held at the Elk River City Hall <br />Tuesday, January 16, 2018 <br /> <br />Members Present: President Tveite, Commissioners Provo, Olsen, Westgaard, Ovall, <br />Wagner, and Blesener <br /> <br />Members Absent: None <br /> <br />Staff Present: Economic Development Director Amanda Othoudt, Economic <br />Development Specialist Colleen Eddy, and Executive <br />Secretary/Deputy City Clerk Jessica Miller <br /> <br /> <br />1. Call Meeting to Order <br /> <br />Pursuant to due call and notice thereof, the meeting of the Elk River Economic <br />Development Authority was called to order at 5:30 p.m. by President Tveite. <br /> <br />2. Consider 01/16/2018 Agenda <br /> <br />Moved by Commissioner Westgaard and seconded by Commissioner Olsen to <br />approve the January 16, 2018, agenda. Motion carried 7-0. <br /> <br />3. Consider Consent Agenda <br /> <br /> President Tveite indicated he is an officer of Wells Fargo. Commissioner Ovall <br />disclosed he is an officer of The Bank of Elk River. <br /> <br /> Moved by Commissioner Wagner and seconded by Commissioner Blesener to <br />approve the following consent agenda: <br /> <br /> 3.1 EDA Minutes <br /> November 20, 2017, Closed <br /> November 20, 2017, Regular <br />3.2 Check register as outlined. <br />3.3 Balance sheet as outlined. <br />3.4 Revenue/expenditure report as outlined. <br />3.5 Designate the Star News as the official newspaper for 2018 and the <br />West Sherburne Tribune and Sherburne Citizen-Tribune as alternate <br />newspapers. <br />3.6 Designate the following banks and institutions as official depositories <br />for 2018: <br /> First National Bank of Elk River <br /> 4M Fund <br /> Wells Fargo Bank <br /> <br />